Adding Value to Your Commercial Property
- November 5, 2018
- Posted by: admin
- Category: Commercial point
Build it, Renovate it, Fill it.
These are the standard ways to add value to your commercial property or to pull equity out of your property.
Condo conversion is the most profitable way to add value to a commercial property. This allows you to cash out the equity without having to necessarily add extra value through renovations or additional building steps.
The condo conversion process is not for the faint of heart. The steps are complicated and time-consuming. But the rewards are great. Depending on the final goal of the conversion process you can withdraw the built-up equity of the property while you offload many of the expenses and headaches of property ownership to the new condo owners, all the while maintaining a stake in your property.